Skipton limited edition regular saver account pays 5%
Skipton Building Society has launched a market leading new regular savings account, called Special Edition Regular Saver.
The new product combines the flexibility to save between £0 and £250 each month for a year, with one of the best rates available for this kind of account.
And, while other similar accounts require that customers take out an additional product to qualify, this latest Skipton offering boasts no hidden catches.
Key Product Features - Special Edition Regular Saver
Interest rate: 5.00% p.a. AER, fixed;
Available via Skipton branches, for customers depositing fresh funds with the Society;
Minimum opening and subsequent monthly deposit: £0 - maximum £250 (customers can choose to pay a set amount by standing order each month or vary it, and can make as many deposits as they wish each month, up to the maximum limit of £250);
Product matures after 12 months into easy access account from range available at that time;
Sole and joint accounts available - limited to one account per customer(s);
No withdrawals allowed during the product term.
Skipton's Head of Products, Kris Brewster, said: "We know times are tough out there for savers at the moment, with interest rates still stuck at record lows and likely to remain so for some considerable time to come.
"Against this backdrop, Skipton remains committed to doing everything possible to help people reap the benefits of managing their money responsibly by saving for the future - and this account is the latest example of that.
"As well as offering a very attractive rate, this is one of the only products of its kind with no hidden catches attached to it, in line with our approach centred on offering straightforward, good value mortgages and savings.
"However, we're only able to make it available for a limited time and we expect it to be popular, so we would urge anyone who wants one to not delay, and get their application in as soon as possible."
This is the latest of several innovative and attractive savings accounts launched by Skipton so far this year. Other examples include the addition of a My New Year's Resolution Saver to our My Savings goal-based account range for a limited time. This offering combines an attractive interest rate of 2.50% (online) and 2.25% (branch), with easy access AND the encouragement people need to keep what they are saving up for very much in mind.
These latest offerings complement the wide variety of other good value savings accounts the Society has available, including some of the most competitive ISAs and bonds. Skipton was also among the first providers to offer the new government-backed Junior ISA.
Anyone wishing to find out more about any of the Society's products can visit the Society's savings pages at skipton.co.uk.